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Onefast99gsx · 06-27-2005

Another record today. $60.95/barrel. Just read this off of cnn.com. I watched a 6 minute video too. Basically expect gas to rise until consumers start to change their daily habits and usages. 3 dollars is coming real soon, $5/ gallon isn't far fetched according to the big BP person on the video.

NEW YORK (CNN/Money) - Gasoline prices, reversing a two-month slide, are again approaching records and at least one expert thinks they could hit $3 a gallon soon in the United States.

"We'll see it within a year," T. Boone Pickens, head of the billion-dollar hedge fund BP Capital Management, said on CNN's "In The Money" over the weekend.

Pickens noted the discrepancy between $2 a gallon gas in the US and $5 a gallon gas in Europe. "The energy situation is global," he said. "I know there are taxes involved in the pricing...but eventually it's going to have to move up."

06-27-2005	#39
Onefast99gsx Join Date: Sep 2004 Location: Wisconsin Posts: 1,411	Re: Wow! Oil hits $60/barrel today Another record today. $60.95/barrel. Just read this off of cnn.com. I watched a 6 minute video too. Basically expect gas to rise until consumers start to change their daily habits and usages. 3 dollars is coming real soon, $5/ gallon isn't far fetched according to the big BP person on the video. NEW YORK (CNN/Money) - Gasoline prices, reversing a two-month slide, are again approaching records and at least one expert thinks they could hit $3 a gallon soon in the United States. "We'll see it within a year," T. Boone Pickens, head of the billion-dollar hedge fund BP Capital Management, said on CNN's "In The Money" over the weekend. Pickens noted the discrepancy between $2 a gallon gas in the US and $5 a gallon gas in Europe. "The energy situation is global," he said. "I know there are taxes involved in the pricing...but eventually it's going to have to move up."